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150,000 UK Jobs at Risk Amid Business Rates Reform

10/13/2025

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Summary

Story summary

The Co-op warns that 150,000 UK jobs could be at risk from potential business rates reform in the Autumn Budget.
Without changes, 60,000 small shops could close, impacting local communities.
Chancellor Rachel Reeves is considering adjustments to business rates, especially for small retailers opening new locations.
The Co-op's CEO urged maximum relief, noting that 99% of retailers could benefit depending on budget decisions.

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Story summary

The Co-op warns that 150,000 UK jobs could be at risk from potential business rates reform in the Autumn Budget.
Without changes, 60,000 small shops could close, impacting local communities.
Chancellor Rachel Reeves is considering adjustments to business rates, especially for small retailers opening new locations.
The Co-op's CEO urged maximum relief, noting that 99% of retailers could benefit depending on budget decisions.